Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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f15j, there is a pandemic on. While demand for product may improve in lockdown; everything else is just more difficult.
I attended today's presentation around all things 2020 and Q1.
I like the management team. Spoke crisp and clean and talked of taking the business strongly forward.
2020 was a transitional year and the company has managed costs down.
Q1 has been strong and the CFO/CEO announced that they have had 7 (seven) months of profitability in a row.
I bought today and will buy further on any weakness.
Is seems odd that Cenkos are only forecasting £12.8m of revenue for FY21. FY20 revenue was £14.5m (£9m in H2) and on this morning's IMC presentation the CFO guided for 10%-15% of organic YoY growth. Clear likelihood for a huge revenue and earnings beat. https://www.cenkos.com/research-portal?#/portal/cenkos-securities/research/39_2021012701385498894
H2 revenue has increased from £6.7m in 2019 to £9m in 2020. Direction of travel seems pretty clear. The management team are young but given we are dealing with social media, that's probably no bad thing. They are also heavily invested which is reassuring given they are planning to buy and build which will require equity raises along the way (they won't want to undermine their own holding). I think the main consideration for investors is does the valuation/risk here justify not being invested in something more proven like NFC?
I am a LTH. These financial highlights are disappointing if not down right dismal. Cannot believe they are still using the facebook thing in press release! I heard this at 2019 AGM 2 years ago!
"revenue declines 14% year-on-year to GBP14.5 million from GBP16.8 million, due to a reduction in revenue from Facebook, following a change on the social network's monetisation policies, starting from April 2019"
Financial Highlights
· 2020 Adjusted EBITDA* profit of £0.1 million, compared to £0.4 million loss in 2019
· H2 2020 Adjusted EBITDA* profit of £0.5 million, compared to £0.7 million loss in H2 2019, the result of a successful restructuring and repositioning
· 2020 Revenue of £14.5 million, compared to £16.8 million in 2019
· 2020 Gross profit of £4.0 million, compared to £5.2 million in 2019
· H2 2020 Gross profit of £2.1 million, an increase of 19% compared to £1.8 million in 2019
· 2020 Revenue generated from advertising was £13.1 million, compared to £12.4 million in 2019, an increase of 6% despite COVID-related disruption
· Net cash balance of £2.7 million at 31 December 2020
· Positive cashflow of £0.6 million in H2 2020
Operational Highlights
· Appointment of new management team and Board during the period following the appointment of Oliver Green as Executive Chairman, Philippa Norridge as Chief Financial Officer, Theo Green as Director of Growth and Matthew Law as Non-Executive Director
· The Group has been repositioned around 3 core pillars: a social marketing agency, a network of YouTube channels, and a portfolio of social first media brands
· Rationalisation completed to align with refined Group proposition and reduce cost base, with monthly staff costs (before bonuses and restructuring costs) reduced by 50% from the start of 2020
· Acquisition and successful integration of certain assets of The Hook Group Limited ("The Hook"), one of the largest youth-focused media groups with over 14 million followers across social media including almost 1 million followers on TikTok
· New client wins including Panasonic, Vodafone, BBC, Pernod Ricard, IMV Box and World Dodgeball Federation. Multi-year contract extensions with PGA Tour, Link Up TV and Alofoke Radio
· Successful revenue diversification across social platforms with content now distributed across Snapchat, TikTok, Facebook, Instagram and YouTube
Current Trading and Outlook
The Board is pleased to report that, following the restructuring carried out in 2020, the Group has been profitable on an adjusted EBITDA* basis for the last 7 months. Trading in the first quarter of FY21 has been strong. This is encouraging given that, historically, the first quarter has been the most challenging period in the year due to the reduction in advertising revenues after the busy Christmas period. Looking to the year ahead, the Board is optimistic about the prospects for the Group and is confident in the delivery of performance in line with current market expectations.
Availability of Annual Report
The Company's Annual Report and Accounts for the financial year ended 31 December 2020 will be available shortly from Brave Bison's website at https://bravebison.io/.
Commenting on the results, Oliver Green, Executive Chairman of Brave Bison Group plc, said:
"Brave Bison ended 2020 in a stronger position than it started. With a r
28th April is going to be an interesting day - imo recent sellers will have missed an opportunity here.
Worth some time > Investors can sign up to Investor Meet Company for free and add to meet Brave Bison Group plc via:
https://www.investormeetcompany.com/brave-bison-group-plc/register-investor
Hope so I've been a holder for a long while now and still hanging on! :-)
Maximum of 10 more working days for them to RNS. I'll be interested in their forward looking and post period statements, as imo they will now be making a net profit.
"The Company announces that it expects to announce its full-year audited results for the year ending 31 December 2020 in April 2021. " Is this today?
Research Oli's other company and you will find your answer.
Are they going to make any money?
Brave Bison launches the second series of the UK’s biggest TikTok content house with a weekly reality show that will air on YouTube!
Thanks for the tips Spiderman, but I already did! Just a pity it isn't updated very often. Should try to refrain from the condisention or better yet feel free not to comment! Have a great day!
try reading the past rns on trading update .why invest if you dont read about the company or look at its website .
Cheers, though it might be a cycle but I am just finding it quite difficult to find any updates or info on this company. Bit frustrating.
Do we get some sort of trading statement at the end of March?
And now lower again, markets can be like that.
Well, it's just climbed to where it was 4-5 weeks ago, so I think you can write it off as normal or cyclical variations.
I see Simon Davies increased his stake, previously 7%
Simon Davies
Number of Shares: 47,700,000
Total Issued Share Capital: 7.8%
Can anyone explain to me why this has been on a slow and steady drop recently? I have been trying to find any information, news, etc but the pickings are very slim.
Actually worked out alright in the end. The price dropped and then they executed immediately, so got them a bit cheaper!! lol
I do have the sneaking suspision that they wait with the AIM shares to see if they can make a few quid.
Funny thing, you're the 2nd 212 complaint I've read this evening.
Dam it, looks like I bought a few days too early. Oh well, Long Term Hold it is them! lol